Innovation Pharmaceuticals Inc (IPIX)

[schooneratsea]

Really it is a bit of a stretch to suggest that the management have made sound décisions in regard to thé prurisol trial.At thé very least they have failed to raise enough capital,early enough,and thats a pretty serious mis-step,that has resulted in thé current debacle .Things may well still turn out OK,albeit with a lot of dilution,but if thé term sheet doesn't result in a substantial deal,they will be selling shares at 10c,then you wont be feeling so good about buying at 30c huh? Those of us who bought way back at much higher prices have been well shafted by these mistakes in capital management.I'm still long ,but calculate that at least 50% of the success case upside has disappeared in appalling dilution,failure case remains the same, obviously,but perhaps more likely than if a proper amount had been raised .